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Chiquita Merges With Irish Company To Form New Global Produce Firm

March 10, 2014: 12:00 AM EST
Chiquita Brands, a global marketer of bananas, packaged salads and snacks, announced it will merge with Ireland’s Fyffes plc in an all stock transaction to create a new $4.8 billion fresh produce company. Fyffes markets and distributes tropical produce, including bananas, under a variety of brands including Fyffes and Sol. To be known as ChiquitaFyffes, the company will operate in more than 70 countries with a combined workforce of about 32,000 people. Under the agreement, Chiquita shareholders will own 50.7 percent of the new company, and Fyffes shareholders will own 49.3 percent.
"Chiquita Brands International, Inc. And Fyffes Plc To Combine To Create Leading Global Produce Company", News release, Chiquita, March 10, 2014, © Chiquita Brands L.L.C.
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